Creating Purchase Orders: How to Control Project Spending Before It Happens
Purchase orders prevent surprise expenses from blowing up your project budget. Here's how to create, approve, and track them without slowing your team down.
Easily manage projects from start to finish. Stay organized, track progress, and ensure timely delivery.
Streamline sales with quick proposal creation, tracking, and faster deal closures.
Log work hours effortlessly, manage timesheets, and capture every billable hour.
Generate and automate professional invoices quickly. Get paid faster.
Gain real-time insights into your financial health. Track revenue, expenses, and profitability.
See how Drum can work for you. Book a personalised walkthrough today.
Track project budgets, time and invoicing for your engineering firm.
Manage project phases, track time and invoice through Xero for your studio.
Track time across planning applications and invoice through Xero.
Manage project stages, time and budgets for your design practice.
Track jobs, manage field and office time, and invoice through Xero.
See how Drum can work for you. Book a personalised walkthrough today.
Insights, frameworks, and practical guidance for professional services firms. From project management to financial performance, we cover what matters to your business.
Xero handles accounting, but consulting invoices need time tracking data, project codes, and approval workflows. Here’s how to bridge that gap.
Purchase orders prevent surprise expenses from blowing up your project budget. Here's how to create, approve, and track them without slowing your team down.
Drum's QuickBooks integration syncs invoices, contacts, and payments automatically — so your project data and accounting always match without manual entry.
A project execution plan bridges winning the work and delivering it. Here's how to define scope, assign resources, and set milestones that stick.
Your overhead rate shapes project pricing. Here's how to calculate it, worked examples, and how to set rates that truly cover your costs.
Well-placed milestones trigger progress payments, catch scope drift early, and keep clients aligned. 10 examples for consulting and agency projects.
Standard accounting tells you if the business is profitable. Project accounting tells you which projects are profitable — and why. Here's how to set it up.
Running 5+ client projects is the norm for service firms. Here's how to manage multiple projects at once: prioritise, delegate, stay on top.
Revenue per employee for professional services firms averages $199K, down from $207K three years ago. Calculate yours and learn what drives it up.
A good service agreement protects your scope, payment terms, and IP without 30 pages of legalese. Here's what to include — with clauses you can actually use.
Capacity planning prevents overcommitting and underutilising your team. Here's how to forecast demand, spot gaps, and staff projects before they start.
Scope, schedule, budget, resources, and risk — these five fundamentals determine whether projects succeed or fail. Here's how they work together in practice.
Managing risk across a programme of projects is harder than single-project risk management. Here's a practical framework with real-world examples.
QuickBooks integration done manually wastes hours each week. Connect your project tools so invoices, expenses, and contacts stay in sync.
Most service firms only see the real cost of a project after it's done. Here's how to estimate, track, and control costs while you can still change the outcome.
Earned value management combines scope, schedule, and cost into one picture of project health. Calculate EVM metrics and act on the results.
Hourly, fixed-fee, or value-based? Here's how to price consulting services, calculate your rate, structure proposals, and protect margins.
Agencies that track time properly bill 15-20% more. Here's how to pick a system your team will actually use — and connect it to your billing workflow.
When accounting software and your CRM live in separate systems, invoices get delayed and client history disappears. Here's what integration looks like.
Manual document approvals cost professional services firms hours every week. Here's how workflow software automates routing, versioning, and sign-offs.
More articles coming soon. Subscribe to stay updated.